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Over 1000 DeGods, y00ts NFTs Bridged Between Ethereum, Solana; $5.2M in SOL Shorts Liquidated

May 1, 2024, 07:00 PM

The cryptocurrency community is witnessing significant activity with the bridging of DeGods and y00ts NFTs between the Solana and Ethereum blockchains. Users are now able to transfer their digital assets across these platforms, enhancing flexibility in managing their NFT portfolios. This new capability is facilitated by a technology that supports two-way transfers, allowing over 1000 DeGods and y00ts currently in transit from Ethereum to Solana. The process has been described as smooth by users, indicating a robust underlying technology. Additionally, the market has reacted positively to these developments, with a notable $5.2 million in Solana shorts being liquidated as the price of SOL rose to $135.